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Yellen: early June default “highly likely” if debt limit not reached

Yellen: early June default “highly likely” if debt limit not reached

The Situation Room with Wolf Blitzer and Pamela Brown · CNN Podcasts

May 23, 202341m 0s

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Show Notes

Tense negotiations are underway at the White House as the clock ticks toward a potentially catastrophic debt default. Treasury Secretary Janet Yellen issues a new warning to Congress saying it is highly likely the U.S. will not be able to pay its bills by early June. Also, Trump accuser E. Jean Carroll is seeking further damagers from the former president for disparaging comments he made about her during a CNN town hall. Plus, it now appears Bakhmut has finally fallen to Russia, but Ukrainian forces say they still hold a small portion of the totally ruined city.

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